To reduce manual errors, debronth inc., a machinery manufacturing company, automated most of its production processes using computer numeric control (cnc) machines. this reduced the labor cost, wastage of raw materials, and rejection of finished goods due to quality issues. in the context of management, the automation of production processes at debronth inc. exemplifies

Efficiency

Explanation:

Any error in production results in a loss. This loss ultimately leads to a decrease in efficiency. Efficiency in terms of production means the number of goods made with respect to the materials, including labor required to produce the goods being used in the production process.

Manual errors will cause a delay in the total number of goods produced for a given time period. If there were no manual errors there would be no delay in production.

Here, Debronth Inc. has introduced automation this has reduced labor cost, wastage of raw materials, and rejection of finished goods due to quality issues. This would ultimately increase the efficiency of production i.e., more production output with less input.

"choosing is refusing" means individuals face an opportunity cost with each decision they make. economists state that every decision involves trade-offs. opportunity cost is the least desirable alternative given up as a result of a decision.

elastic potential energy